Global Climate Change: Economics, Science, and Policy

Course Info

Course Number/Code: ESD.128J (Spring 2008)
Course Title: Global Climate Change: Economics, Science, and Policy
Course Level: Graduate
Offered By: Massachusetts Institute of Technology (MIT)
Department: Sloan School of Management
Course Instructor(s): Prof. Henry Jacoby
Prof. Ronald Prinn
Prof. Mort Webster

Teaching Assistants:
Travis Franck
Eunjee Lee
Course Introduction:
Syllabus CalendarCourse calendar.SES #TOPICSKEY DATES1Introduction and overview2Institutions I: political and analytical organizations3Review of the mathematics of climate analysis4Climate I: past climate, and gases, aerosols and radiationHomework 1 distributed5Economics primer6Climate II: dynamics of the atmosphere and oceans7Economics of the global commons

Homework 1 due

Homework 2 distributed

8Economics I: economic growth, technology and greenhouse gas emissions9Institutions II: the international climate negotiations10Economics II: the economics of greenhouse gas emissions control11Introduction to the Toy Integrated Global System Model12Climate III: interaction of atmosphere, oceans and biosphere

Homework 2 due

Homework 3 distributed

13Analysis of the benefits of greenhouse gas mitigation14Economics III: climate policy analysis15Emissions trading and tax systems16Climate machine IV: regional impacts of climate change17Review of methods of uncertainty analysis

Homework 3 due

Homework 4 distributed

Policy exercise distributed

18Integrated assessment I: sensitivity and uncertainty analysis19Sea level rise and adaptation20Methods for decision under uncertaintyPolicy exercise: preliminary note due21Integrated assessment II: deciding global effort and burden sharesHomework 4 due22Climate change and the Arctic region23Climate V: unresolved problems in climate analysis24Discussion of homework sets and the policy exercise25Student team presentationsPolicy exercise: final memo and report due26Final summary and discussionGradingGrading criteria.ACTIVITIESPERCENTAGESHomework (15% each)60%Team project 110%Team project 225%Class participation5%